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DSGX · NASDAQ · Software - Application

The Descartes Systems Group

Connects logistics-intensive businesses with cloud software, networks, devices and data.

$81.84

After-hours close+0.00 (+0.01%)

At close$81.83(+1.45%)

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Profile

The Descartes Systems Group Inc.DSGXInformation Technology

Sells cloud, device and data-content solutions that manage logistics workflows. Its network-based shared-services model supports data exchange and operational decisions, while acquisitions add adjacent capabilities and geographies.

Cloud, device and data-content solutions help logistics-intensive businesses manage routes, transportation, ecommerce, trade and related workflows. The business grew from private-fleet route-planning software into a network-based, shared-services environment where customers exchange logistics data and use value-added services for operational decisions.

Acquisitions add complementary technologies, industry consolidation opportunities and close logistics adjacencies. Recent additions span transportation management, final-mile carrier solutions, ecommerce inventory management, demand planning, and driver safety and performance management.

Based in Waterloo, Ontario, the company serves logistics-intensive businesses globally. Its operating model depends on cloud, network and data-content capabilities that connect workflows across customers and geographies.

Company facts

CEOEdward J. Ryan

ListedJan 27, 1999

ExchangeNASDAQ

HeadquartersWaterloo, Canada

CountryCanada

Employees2,403

CIK0001050140

ISINCA2499061083

Key statistics

Market cap$7.01B

EPS (ttm)$2.02

P/E (ttm)40.51

ROE11.3%

P/B4.31

P/S9.23

Dividend yield—

Beta0.39vs XLK −0.36

Year to date −3.9% · Average volume (30d) 466.9K

Analysts

Price target, next 12 months$90.00+10.0%Median of 15 analysts · vs the Aug 28 close

ConsensusBuy14 of 15 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $81.83

High$118.00+44.2%

Median$90.00+10.0%

Low$82.00+0.2%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Prior target	Target
Jun 4, 2026	CIBC	Target			$126	$118
Apr 16, 2026	Redburn Partners	Target				$90
Apr 16, 2026	Rothschild & Co	Upgrade	Neutral	Buy
Mar 12, 2026	BMO Capital	Reiterate		Market Perform	$95	$82
Feb 4, 2026	Scotiabank	Reiterate		Sector Outperform	$115	$95

Earnings

EPS

Estimate$0.57

ReportedDue Sep 10, 2026

Revenue

Estimate$197.6M

ReportedDue Sep 10, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Jun 3, 2026Q1 FY27	$0.53	$0.55	+3.8%	$173.9M	$167.0M	−4.0%	+5.13%
May 5, 2026Q4 FY26	$0.62	$0.54	−12.9%	$209.1M	$196.3M	−6.1%	−2.00%
Mar 11, 2026Q4 FY26	$0.50	$0.52	+4.0%	$191.5M	$192.7M	+0.6%	+4.17%
Dec 3, 2025Q3 FY26	$0.46	$0.50	+8.7%	$183.3M	$186.6M	+1.8%	+14.36%

View details

Financial highlights

	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	$167.5M	$168.7M	$179.8M	$185.8M	$192.8M	$195.2M
Gross profit	$128.0M	$129.0M	$138.2M	$123.3M	$149.5M	$134.0M
Operating income	$47.1M	$46.2M	$48.2M	$61.6M	$60.1M	$65.0M
Net income	$37.4M	$36.2M	$38.0M	$43.5M	$45.6M	$48.9M
Diluted EPS	$0.43	$0.41	$0.43	$0.50	$0.53	$0.56
Gross margin	76.4%	76.4%	76.9%	66.3%	77.6%	68.6%
Operating margin	28.1%	27.4%	26.8%	33.1%	31.2%	33.3%

Fiscal years (4-quarter sums)FY22 $424.7M · FY23 $486.0M · FY24 $572.9M · FY25 $651.0M · FY26 $727.1M

Revenue by product · FY26

Service$677.2M · 93%

Professional Services And Other$49.3M · 7%

License$2.5M · 0%

Revenue by geography · FY26

United States$496.4M · 68%

Europe, Middle-East And Africa$169.6M · 23%

Canada$42.4M · 6%

Asia Pacific$20.5M · 3%

Balance sheet, Apr 30, 2026Cash & short-term investments $377.0M · Total debt $8.1M · Total assets $1.92B · Shareholders' equity $1.63B

Dividends

No dividends on record.

Ownership

Institutions 82.48%Insiders —

Shares outstanding 85.69M · Float 85.53M · 99.8% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
The Bank of Nova Scotia	6.89M	8.10%	13D/G	Oct 10, 2024
Price T Rowe Associates Inc /MD/	5.67M	6.62%	13F	Aug 14, 2026
BlackRock, Inc.	4.53M	5.30%	13D/G	Nov 8, 2024
1832 Asset Management L.P.	3.83M	4.47%	13F	Aug 13, 2026
Jupiter Topco LLC	2.62M	3.06%	13F	Aug 14, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.